Nationwide
£32 Free Cash
Flex Regular Saver (6.5%)£32profit
20mins to complete
Offer overviewChris · Your personal guide
Nationwide is a building society offering current accounts, savings, mortgages and other personal finance products.
About £32 more than an easy-access account on the same deposits, from 6.5% on up to £200 a month for 12 months. The lowest monthly cap of the regular savers here, but also the least to find each month.
Three withdrawals are allowed without affecting the rate. A fourth permanently drops it for the rest of the term, so keep count. You need a Nationwide current account, so do the switch first and pick up that bonus too.
Key terms
+£32
Interest rate6.5% AER
(variable)
Monthly depositUp to £200
Term12 months
Total max deposit£2,400
(12 × £200)
Withdrawal termsMax 3 withdrawals with no rate impact. A 4th withdrawal permanently drops the rate from 6.50% to 1.05% for the rest of the term.
RequiresA Nationwide current account
Step by Step Guide
Start here
Open a Nationwide Flex Regular Saver
10 mins
- 1Log in to your Nationwide Internet Bank or Banking app
- 2Navigate to Savings and select ‘Flex Regular Saver’
- 3Open the account — you’ll need to make your first deposit within 28 days or the account will be closed
Your 12-month term starts from the date you open the account
Up next · 2 steps
Make your first transfer
5 mins
- Transfer your chosen amount (up to £200) into your new Flex Regular Saver
This first deposit must arrive within 28 days of opening the account
You can transfer from your Nationwide current account or any other UK bank account via electronic transfer
Transfer up to £200 each calendar month
2 min
- Deposits are per calendar month, so transfer early (ideally the 1st) to earn interest for the full month.
- Automate it: set up a standing order to your Flex Regular Saver. If your salary arrives at the end of the month, schedule the order for the 1st of the month.
- Prefer doing it manually? Set a monthly reminder instead.
- You can deposit any amount from £1 to £200 per calendar month. Any overpayment above £200 will be returned.
Withdraw your balance
Ends in 12 months5 mins
After 12 months, your account converts to an instant access savings product automatically
- The instant access rate will be lower — so move your money to the best available savings account
Nationwide will contact you before maturity with your options
You can withdraw via Internet Bank, Banking app, or in branch
3 steps to £32
Quick review
Nationwide
Wondering whether Nationwide is worth it beyond the bonus? Here is our honest take.
The UK's biggest building society, owned by its members and known for branches that aren't going anywhere. Quidsy currently has a small Nationwide offer worth a look if you're switching anyway. Suits anyone who wants a solid, branch-backed main bank rather than a digital-only setup. Just don't expect chart-topping savings rates here.
CategoryRegular Savers
Last updated
Chris' verdictYour personal guide, QuidsyNationwide is one of my favourites among the high-street names. The mutual structure means decisions tend to lean in the member's direction rather than the shareholder's, the branch network is now the biggest of any UK banking brand and is locked in until 2030, and the mobile app holds its own against the digital-only banks.
If you want a primary current account that feels solid rather than flashy, FlexDirect is a strong pick, 5% on up to £1,500 for the first year is one of the best in-credit rates around, as long as you can pay in at least £1,000 a month and you haven't held a FlexDirect before.
A few honest caveats. Nationwide rarely tops the savings tables, so if your priority is squeezing the maximum interest out of every pound, you'll probably want a separate easy-access account elsewhere alongside the current account.
The December 2025 FCA fine for old AML failings was real money and a fair black mark, even though Nationwide says no customer lost money and the controls have been rebuilt. And the Virgin Money integration that completed in April 2026 is still very fresh, the two brands are running in parallel for now, so if you bank with both, double-check your combined FSCS coverage.
There's no Nationwide sign-up bonus running through Quidsy at the moment, the £175 switch offer ended on 4 March 2026, but if Nationwide reopens a switch incentive we'll list it. For now, Nationwide is a "open it because it earns its keep" rather than a "open it for the cash" recommendation.
Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority under registration number 106078. Eligible deposits are protected up to £120,000 by the Financial Services Compensation Scheme.